Tag Archives: Itai Pazner

888 selects Vaughan Lewis as new Chief Strategy Officer

888 Holdings has strengthened its senior leadership team after confirming that Vaughan Lewis will assume the newly-created position of Chief Strategy Officer. Due to join the company in early 2021, Lewis will leave his role at Flutter Entertainment where he held the position of transformation lead for the international business following its acquisition of The Stars Group in May 2020. …

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888 flexes tech and product muscle as company upgrades all 2020 forecasts 

Reporting growth across all core metrics and strong progress on its year objectives, 888 Holdings has upgraded its full-year 2020 earnings to be ‘significantly ahead of its prior expectations’.  Publishing its 2020 interim results (period ending 30 June), 888 has recorded a 37% increase in group revenues to $379 million (H12019: $277m) which the company stated was largely driven by …

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888 appoints VC expert Limor Ganot as a corporate advisor

The board of 888 Holdings has expanded its governance advisory, confirming the appointment of Limor Ganot as a corporate non-executive director. A seasoned executive in corporate financing and strategic planning for technology enterprises, Ganot is the Managing Partner of US/Israeli venture capital fund Gefen Capital. An Israeli business figurehead, Ganot has further served as CO-CEO and VP of Business Development …

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888 debuts ‘Too Much is Too Much’ social responsibility campaign

LSE-listed online gambling group 888 Holdings Plc has emphasised player moderation and the awareness of excessive gambling behaviours through the launch of its new social responsibility campaign – ‘Too Much is Too Much’. 888’s campaign will be initially launched within the UK running from 5-18 January 2020 across Facebook, Twitter, YouTube and further digital channels. In its campaign notes, 888 details …

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UK recovery sees 888 confident of delivering on 2019 expectations

London-listed enterprise 888 Holdings is confident of delivering on its full-year 2019 earnings expectations after closing the year with revenues at an “all time high” for December trading. 888’s strong H2 performance was ‘underpinned by the continued success of the Group’s Orbit casino platform’ which was launched across a number of regulated markets. It also sustained improved revenues across its sport betting …

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888 recovers UK traction following costly H1 2019 trading

London-listed online gambling group 888 Holdings Plc detailed strong ‘strategic progress’ on its corporate strategy and tech initiatives, as the company adjusts to new regulatory demands across multiple operating markets. Publishing its interim 2019 results (period ending 30 June), 888 recorded a group revenue increase of 2% to $277 million (H1 2018: US $273m) as the company underlined a ‘continued recovery of its …

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888 Holdings attributes revenue growth to sports division

As part of its trading update for the period from 1 January to 18 May 2019, online gambling group 888 Holdings has reported “strong momentum” across its operation in global regulated markets. Growth, according to the update, was largely driven by sport – which saw a 29 per cent jump for the period – while the group’s Casino branch also …

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888 completes £18m Mandalay acquisition

Online gambling group 888 Holdings has completed its previously announced £18m takeover of number of JPJ Group brands, which include Costa Bingo, City Bingo and Sing Bingo. In February, 888 agreed to acquire a number of digital bingo brands from the Jet Management Group and Jet Media, which form the basis of the Mandalay operating unit. As a result of …

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888 reports “sweeping changes” amid UK woes

Online gambling group 888 Holdings has reported record earnings throughout 2018 in its full year report, despite trying to navigate a tricky regulatory landscape across its core UK market. The group reported a two per cent decrease in its overall Group Revenue from $541.8m (£415.3m) in 2017 to $529.9m (£406.1m). The operator put this down to the increased competition in …

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888 secures sports betting boost through BetBright deal

888 has secured the long-term product development strategy for its 888Sport division after acquiring the BetBright sports betting platform for £15 million. The platform will be integrated into 888’s proprietary gaming backend, giving the online gaming entertainment and solutions provider ‘complete ownership’ over its technology and product development across four key verticals – sport, casino, poker and bingo. However, more …

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